Collection of important news, policy update and industry insights in relation to impact on SMEs/businesses in Bangladesh due to Covid-19 situation.
Deluged with tax cut pleas, NBR in a quandary
This presents a hard choice for the NBR because it has fallen massively behind the tax collection targets over the last few years. As a result, Bangladesh's tax-GDP ratio is one of the lowest in the South Asian region. The situation has become even more precarious as the national revenue board has lost quite a big chunk of revenue because of extensive tax rebates this fiscal year.
The Business Standard | Bangladesh / Economy
PM unveils Tk 5,000cr stimulus package for agriculture sector
Prime Minister Sheikh Hasina today announced a new stimulus package of Tk 5,000 crore to provide financial assistance to farmers in rural areas for boosting agricultural production facing the fallout of Covid-19.
The Daily Star | Bangladesh / News Update
GDP growth to crash to 2 to 3pc for dire situation: World Bank
The World Bank makes a dire forecast on Bangladesh's economic growth and jobs that will worsen inequality, hit hard the poor and the massive informal workforce.
The Business Standard | Bangladesh / Economy
U.S. consumer prices post largest drop in five years amid coronavirus disruptions
U.S. consumer prices fell by the most in more than five years in March and further decreases are likely as the novel coronavirus outbreak suppresses demand for some goods and services, offsetting price increases related to shortages resulting from disruptions to the supply chain.
Reuters | US / Industry Impact
Unemployment claims surge by 6.6 million as coronavirus continues to rout U.S. workforce
Another wave of 6.6 million American workers filed first-time unemployment claims for the week that ended April 4, bringing the cumulative total to an astonishing 16 million over the past three weeks.
NBC News | US / Economy
China's U.S. envoy says trade deal being implemented, hopes for coordinated response
The world’s two biggest economies signed the tentative deal to pause a damaging tariff war in January, before the coronavirus pandemic spread, threatening a global economic depression.
Reuters | Global / Economy
Record oil production cut hangs in the balance as G20 meeting concludes with no specifics
A record oil production cut hangs in the balance after energy ministers from the Group of 20 major economies on Friday agreed that stabilization in the market is needed, but stopped short of discussing specific production numbers.
CNBC | Global / Economy
Case Update
| Region | Confirmed Cases | Confirmed Death |
| Bangladesh | 621 (+139) |
34 (+4) |
| World Wide | 1,796,052 | 110,012 |
